As for what I do, i'm an accountant/external auditor and former Marine.

As the HOA should take care of most of the external Cap Ex items.  

I wanted my first real estate investment to be a condo in order to avoid having to directly deal with external maintaince of the property and wanted a property in which tenents paided all utilities.

I understand that tenants have a right to quiet enjoyment but what responsibility do I have as a landlord to this external factor?

There are many stories here on BP of people who do succeed in these markets, but one thing most of them have in common is the owner/investor hand picks the tenant.

Nikon 10-12 good choice and Crop camera... and rest of money spend on external flashes and tripod.

And things like windows, it is true, if the external windows need to be replaced, it would either be an assessment which would increase the maintenance fee, or just bill the owners (no different than any repairs on any investment property).David, I would be interested in knowing how much TIME did you spend on managing your condos vs.

If you find the perfect property, the numbers REALLY tie out for ADUs.You should shoot for securing a property now and doing an ADU project in 2018 for new construction, 2017 for a conversion.What I'd look for:- Big Garages - garages can be turned into ADUs as long as no external walls our touched- Corner lots for new construction - This is the most ideal- Basements - I've seen some basement conversions that really work well.It's such a niche market that you should have seen about 10-20 ADUs in real life before making any sort of investment decision.  

I agree with this- I wil add that sometimes what is important is external from the deal. ie, "I need enough money to get a storage unit and a plane ticket to fly out to my grandchildren".

We want to have a permanent patio built onto our house (Fremont, CA).  Up until now, every year once the rainy season ends, we've been putting up a heavy-duty tarp; 12'x10', two corners attached to our eaves and two h...